Tesla rewrote the FSD Beta software with the release of the V11 version and has since pushed update after update at neck-breaking speed. This week ended .
1 3/4 percent higher. s&p 500 as added more than 1%. president biden is taking credit for the positive report. cnn s phil mattingly reports from the white house. white house officials scheduled president biden s travels thursday to virginia knowing he wanted to give a speech on the economy, a speech that would draw sharp economic contrast but also knowing pretty important economic data would be coming out the same day, data they didn t know how it was going to land. it landed and for their sake it landed quite well. actually, quite perfectly timed for an economic speech. fourth quarter gdp coming in at 2.9%. higher than most estimates have things. unemployment claims coming in lower than the expectation was coming in by economists. another point of good news. when you talk about white house officials that have maintained that not only have they had a
mcgahee who oversees research here, gave me an easy challenge. we need you to turn the fan up to defog the window. reporter: but all knobs and buttons are replaced from the screen. go here? nope, that s the wrong one. oh, gosh, something s happening. okay. and here is the defroster. reporter: i finally found it, but my eyes were off the road for nearly 20 seconds. a study conducted by aaa in 2017 found that when they tested 30 different car make and models with built-in touch screen features, all 30 were found to be dangerously distracting, with some drivers having to take their eyes off the road for as long as 40 seconds. we can look away from the road for roughly 1 3/4 of a second before our car begins to deviate the lane. reporter: but researchers believe that whatever dangers touch screens present are significantly less than when using a cell phone while driving. here s me in the same simulator trying to navigate using a
pressures are coming from supply chain disruptions. higher rates are not going to loosen up. neil: when you say higher rates, we re used to 0% rates. interest rates that have been ridiculously low for ridiculously long amounts of times. people say we re gooing to go up a few percentage points. that could keep rates relatively low for a guy my age. i can remember a lot higher. it s a whole new experience for a whole new set of the population, right? yeah, i would say yes and no. when we think about the yield on a ten year, the average 1 1/2 this year, the range was 1 1/4 to 1 3/4, that range in 2022 will likely be call it 1 1/2 to 2% with the average being 1 3/4. the fed funds rate will move from 0 to 75 basis points or a full percentage point. neither one of those things, when i think act the effect only
times now. if you buy what the market bets are. you think we ll see two more rate cuts? yes. because of what is going on around the world, this is a global the earth might be in a depression the last ten years. only been alleviated through artificial means, which means irresponsible fiscal policy. maybe we should have been in a depression the whole time. that s my concern. that s why yields are negative around the globe. that s why we have very high interest rates relative to the environment. people have to understand that. neil: other guys are negative. we re around 1 1/2 to 1 3/4s. this is a restrictive policy in this environment. the only way to alleviate the yield curve is to steepen it. you can t do anything about the long end. every time it moves, the germans come, in the japanese come in.